No wonder entrepreneurs are always seeking someone’s guidance especially from people who have grown in their business ventures. When an entrepreneur starts, s/he has this zeal and curiosity too.
And thanks to generous people around us that there is no shortage of wisdom regularly handed out for us to read! Unfortunately, entrepreneurs start paying heed too seriously to the wisdom in endless books, blog posts, websites and articles available on the web.
Here are some pieces of advice entrepreneurs might watch out for:
Take it easy
Ignore and avoid people who tell you to take it easy because who give such an advice to you are most probably quitters or those don’t understand your goals. If you really want to pursue and achieve your goals, you have to give up on guidance and advice from average thinkers or philosophers.
People who tell you to give up on your dreams or goals and water down your potential are probably afraid to have their own dreams. ‘Take it easy’ is an approach to walk away from problems and ignore what you actually want to create in life.
An expensive office is all you need
The beginning of your startup is not a swanky office. People will give you the advice to have an expensive luxury office but it is good for nothing and instead, you might have to have financial crunches.
In reality, it seems to deliver a message that you are spending your funds unwisely. The wise decisions are to make an Investment in marketing or developing your product. Instead of having a swanky office at the beginning, you can rent a modest office that will not burn a hole in your pocket and will also have flexible terms.
If it’s a great product, it will sell magically
Speaking of investments, it is good that you are concentrating on how useful your product is to its potential users but building a great product and then expecting people to know about it magically is one of the stupidest pieces of advice to follow or ponder upon.
Entrepreneurship is not that simple that you could ignore outbound or inbound marketing so easily.
Always be raising
Fundraising is surely a good idea but what is the right time one should actually go for it is the real catch. ‘Always be raising’ is a terrible advice when you have not figured out who the users of your product are, and how you are supposed to reach them.
Establish certain business metrics first and then look forward to ‘Always be raising.’
Finish a checklist
Who decides the right moment to launch your startup? You do not need to take it easy, but you also do not need to go overboard. One of the most common pieces of advice you will get is to finish a checklist before you actually launch your product or a business or even a service in the market.
The silent killer to your startup could be over analysis and procrastination; so have your numbers, but do not wait much for the stars to align. Without launching there is no way to get any valuable feedback or any suggestions to improve.
You might have heard it a lot of times that come up with a new idea and a unique product. But you have to understand that this concept of originality is vague in itself as there can’t be a product or service that is completely unique or the one that has never been seen before.
If it would become the real case, what will happen to the existing markets – Will they ever have a competition?
Thus there is nothing with picking a market that has an existing demand and then strives to become a successful player in it. The thing you require is a strong USP that will draw a distinction between you and your competitors.
We all want to be exceptional in what we do and for that, the first step towards it is to stop taking bad suggestions from people who only water down our potential.
I am not saying that all the advice above-mentioned are inherently bad but they also can’t be universally applied. Yes, they may serve as an inspiration to some people or work for some specific businesses. The crux of this article is to ensure entrepreneurs are careful about which advice they actually need to follow.